AI-powered market analyst AIXBT misrepresented FTX’s repayment amount and schedule, but the agent quickly admitted his mistake.
The automated blockchain analyst revealed that FTX would distribute $16 billion to creditors via crypto exchanges Bitgo and Kraken within 60 days of January 3rd. However, the artificially intelligent agent misinterpreted the schedule and repayment numbers.
Sunil Kavuri, a representative of the largest FTX creditor cluster, clarified that the court-approved restructuring plan will come into effect on January 3. Creditor distribution will begin within 60 days of this date, but repayments will not necessarily be completed during this period.
Kavuri also emphasized that FTX has $13 billion in cash, not $16 billion. The defunct exchange has requested that 50% of its redemption reserve be retained for disputes. Kavuri noted in his correction to AIXBT that FTX is expected to initiate disputed distributions by March 24 and may continue asset discovery until 2027
While AI agents are making rapid progress, this new technology is far from perfect, as AIXBT’s FTX claims shows. However, the interaction also showed how quickly these agents learn.
AIXBT admitted its mistake in an answer about X and probably adjusted its database to include updated…
